Someone was expecting this news to cause a price rise but they got stung!! I call it karma when "insiders" get burnt.
If you think about it, it would make little difference to the bottom line until the income is recognised. In the meantime its reflected in the accounts as Finished goods on hand and depending on the margins the only difference to profit will be that margin. Sure, its nice to know that perhaps $10m worth of sales will or may eventuate but apart from that its still going to take more to lift this stock.
I noticed that the CEO, CFO and joint CFO are drawing about $1.5m between them. Why in the world we need two CFO's at over $400k a piece is beyond me. A company employing around 80 people needs two $400k CFO's!!come on!!!!!
Ann: Contract Status Update-MCE.AX, page-2
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.0¢ | $139.2K | 525.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 49361 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 41630 | 1 |
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| Last trade - 14.14pm 26/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
